Back in 2009, the Episcopal Church paid $9.5MM for a 1.6 acre city block bounded by Trinity, Neches, and 7th Street.
The purpose of the site, which is currently a surface parking lot, is widely believed to house their national archives.
The Episcopal Church recently submitted a Capitol View Corridor (CVC) height determination application with the city. This application is the first step in knowing how tall they can build.
2/3 of the site is encumbered by a CVC, so I suspect any building on this site will be capped at a few stories.
The application proposes commercial, mixed-use.